Why insurance is important for living?

Who else won’t crave for a safe fence around their life in this uncertain world? Insurance is one of the safest fences a human being ever has. Various kinds of insurances are rooting into our society. People are confused over the selection of insurance .Some of them are still doubted in types of insurance and how this insurance act as a benefactor .Let us discuss about 5 important insurance that you must know and its allies below.

TYPES OF INSURANCES LIFE INSURANCE

LIFE INSURANCE

Life insurance offers a protection over the family members of the policy holder’s .This will help mostly the one who is going for an adventurous trip or something risky or rather some of them who are facing a life threatening disease .Usually in this insurance there will be a nominee. Nominee is the person who experience the money which policy is pointing

HEALTH INSURANCE

There is always a doubt prevails among the common people is health insurance and life insurance is same. It is a kind of medical insurance which covers the entire medical expenses of the party (policy holder) and risk of the treatment.

DISABILITY INSURANCE

Disability insurance shortly called as DI. This insurance helps a differently abled person who cannot work properly to meet their daily requirements behalf of this disability. There are two kinds of disability benefits .One is short term disability benefit and other is long term benefits

AUTO INSURANCE

This Insurance policy shields from the financial loss held during an accident or theft. Auto insurance provide for property (including damages caused by theft), liability (having legal responsibility to other for injuring body parts or damaging property), medical (the amount of treating wounds extending to funeral expenses)

TRAVEL INSURANCE
Travel insurance takes off liability of a risky travelling. Medical expenses, lost luggage, flight cancellations, and other losses a traveler might face is factored into this policy. The right time to set off the insurance is from the date which travel begins to till it ends

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